written to mr askin seeking his resignation., page-60

They are in absolute fear of the currrent board bringing a good farmin deal to the table ahead of the next meeting, and want to sew seeds of doubt into the minds of potential faminees as to the validity of any deal made. And they are willing to mess with the company in all sorts of ways to succeed. In Palmer's case it is good business and he has a number of naive followers now on board. For others it seems to be far too personal and any rationality or objectivity has all but gone.

Wish they would just let Cottee get on with business. If shareholders don't want some of current board they have their chance to remove them at next meeting. No need for all this legal rubbish over fine print that they themselves probably understand won't succeed any more than the prior cases. But then, their ambition is not to win at this point, but to destabilize. In the meantime, company is negatively affected, shareholders lose and Palmer increases leverage.

Wasn't a great fan of old board, happy enough with Cottee in though, and definitely don't want CP in defacto control. Would re-think that last position only if he put something rational and attractive on the table that was binding. And he can quite easily approach Cottee with such a deal at any time so no need for the legal stuff if he's above board....

But inviting him just because he's rich? Incredibly naive.